Major Crypto and Blockchain Sector Updates May 25, 2023

On May 25, 2023, several significant developments occurred in the cryptocurrency and blockchain sectors. FIFA announced a new blockchain project in partnership with Avalanche. Major US banks are exploring the issuance of a joint stablecoin. Authorities in the US detained the founder of the crypto startup Amalgam Capital. Kraken plans to expand trading of tokenized stocks beyond the US. The Sui DEX exchange Cetus faced a hacker attack and halted operations. The USD1 stablecoin from World Liberty Financial is launching on Binance today. A UK court dismissed a $12 billion lawsuit from investors against Binance and other crypto exchanges concerning BSV. Nasdaq is launching futures trading for XRP through Volatility Shares. A former CEO of SafeMoon was found guilty of crypto fraud. US authorities closed the case concerning Haley Welch and the collapse of the meme coin HAWK. The Argentine President dissolved a task force related to the Libra meme coin. The meme coin Trump is gaining value ahead of a US presidential dinner. Coinbase reported a security breach affecting 69,000 users. CryptoQuant highlighted a shift in investor sentiment toward Bitcoin. Major exchanges BingX, BitGet, and MEXC are featured in recent activity. CryptoPunks remain a notable project. Bitcoin dominance levels are indicated.